FTI Consulting (NYSE: FCN) witnessed a significant 7.09% plummet in its stock price during the pre-market trading session on Thursday. This sharp decline came after the business advisory firm reported disappointing fourth-quarter 2024 financial results that fell short of analyst expectations.
The company reported adjusted earnings per share of $1.56, missing the consensus estimate of $1.73 by a substantial 9.83%. Additionally, FTI Consulting's quarterly revenue of $894.92 million fell short of the expected $913.57 million by 2.04%. These weaker-than-anticipated results marked a 31.58% decrease in earnings per share and a 3.22% decline in revenue compared to the same period last year.
Looking ahead, FTI Consulting provided earnings guidance for the full fiscal year 2025, projecting an adjusted EPS range of $7.44 to $8.24 and revenue between $3.66 billion and $3.81 billion. However, the company's recent lackluster performance has raised concerns among investors about its ability to meet these forward-looking estimates, contributing to the sharp sell-off in its shares.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.